Tyson Foods Breaks Ground on Childcare Facility for Humboldt, Tennessee Team Members

HUMBOLDT, Tenn., April 20, 2022 (GLOBE NEWSWIRE) -- Tyson Foods (NYSE: TSN) broke ground today on a new childcare facility at its Humboldt, Tennessee poultry processing plant, that will provide greater access to affordable childcare for frontline team members employed at the facility.

The on-site childcare and learning facility is a pilot project that represents the most recent commitment by the company to support its team members and become the most sought-after place to work.

The $3.5 million Humboldt childcare facility, expected to be operational in 2023, will support up to 100 children, five years of age and younger, and employ a staff of 18. Called Tyson Tykes, it will be operated as an early childhood learning center by KinderCare and subsidized by the company to lower the cost for Tyson team members.

“This is an important day for our company and our team members in Humboldt,” said David Bray, group president of Poultry for Tyson Foods. “We constantly strive to be the most sought-after place to work and are achieving that goal by listening to and supporting our team members, ensuring they have the right tools to be successful.”

A study by Child Care Aware states the national average cost of care for one child in a center amounts to about $12,300 per year in 2020, a staggering 214% increase since 1990 and more than half the federal poverty level for a family of three.

Research also shows children enrolled in early childhood education programs have greater high school graduation rates, increased IQ scores, higher career earnings and are less likely to commit a crime as they enter adulthood.

“As we’ve all learned during the past two years, working parents need access to early education and care for their children in order to fully participate in the workforce,” said Dan Figurski, president of KinderCare Education At Work. “That’s why we’re excited to work with forward-thinking employers like Tyson to provide affordable, high-quality childcare for their workers. Tyson recognizes the value and support childcare provides Humboldt employees. We can’t wait to open the doors to Tyson Tykes in 2023 and give Tyson families peace of mind knowing their children are learning and growing right next door.”

“This public private partnership demonstrates exactly what is possible when there is collaboration across sectors to support the well-being of Tennesseans,” said Clarence H. Carter, Commissioner of Tennessee Department of Human Services. “Our Child Care Services Team is dedicated to thinking outside the box, and connecting with community stakeholders to find solutions for parents and caregivers that rely on childcare to work. We appreciate the partnership with Tyson Foods, and their commitment to the citizens of Humboldt and surrounding counties.”

Tyson’s Humboldt poultry complex, which includes a processing plant, hatchery, and feed mill, currently has a staff of more than 1,235 people and is expected to eventually employ 1,500.

Today’s event marked the second investment in childcare by Tyson in less than a year. In 2021, the company awarded nearly $400,000 to the Wesley Community Center and Maverick Boys and Girls Club of Amarillo to refurbish their facilities to accommodate the children of Tyson team members employed at the company’s Amarillo beef plant. The funding helped provide transportation, increased security, commercial refrigerators, cots, and tutoring. Each facility supports up to 40 children and Tyson expects to invest close to $500,000 to cover tuition for team members participating in the program.

About Tyson Foods, Inc.
Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company had approximately 137,000 team members on Oct. 2, 2021. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.

About KinderCare
KinderCare Education is America’s largest private provider of early childhood and school-age education and childcare. KinderCare supports hardworking families in 40 states and the District of Columbia:

• In neighborhoods, with KinderCare® Learning Centers that offer early childhood education and childcare for children six weeks to 12 years old.
• At work, through KinderCare Education at Work™, providing customized family benefits for employers across the country, including on-site and near-site early learning centers and back-up care for last-minute childcare, and
• In local schools, with Champions® before and after-school programs.
  

Headquartered in Portland, Oregon, KinderCare operates nearly 2,000 early learning centers and sites. In 2022, KinderCare earned its sixth Gallup Exceptional Workplace Award – one of only four companies worldwide to win this award for six consecutive years. To learn more, visit www.KC-Learning.com.

MEDIA CONTACT: Derek Burleson | Derek.Burleson@tyson.com | 479-290-6466

Category: IR